The Right REIT for Residential Returns

Focus: REITs

Ned Piplovic Image Ned Piplovic Assistant Editor, Eagle Financial Publications

This quarterly distribution is equivalent to a $3.00 annual payout and a 3.4% dividend yield.

In September 2016, the company paid a $4.25 special dividend, which raised the total annual dividend for last year to $7.20. However, if we disregard the special dividend, the company hiked its regular dividend for the past seven consecutive years.

Over the past 20 years, the REIT cut its annual dividend only twice, in 2009 and again in 2010. However, since 2010, the annual dividend rose at a 7.6% average annual rate.

The share price dropped 7.5% from June to November 2016. Since reversing the downtrend in mid-November 2016, the share price rose more than 20% and reached a new 52-week high of $90.91 on June 19, 2017.

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